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NASDAQ ANALYSIS
NASDAQ broke major uptrendline
Price is in trading range between levels 10960 and 11564
Below SMA 100
Strong bearish wave (a) ended at level 10960
then corrective bullish wave (b) occurred and rejected from 38.2% Fibonacci level at 11534
we r waiting price to break key level at 10960
to open short trade
It's expected forming bearish wave (c) to target support level at 10320
Price is in trading range between levels 10960 and 11564
Below SMA 100
Strong bearish wave (a) ended at level 10960
then corrective bullish wave (b) occurred and rejected from 38.2% Fibonacci level at 11534
we r waiting price to break key level at 10960
to open short trade
It's expected forming bearish wave (c) to target support level at 10320
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